EXCLUSIVE: Meg Ryan’s Former Montecito Flip Fetches $18 Million—Just 4 Months After Hitting the Market

Actress Meg Ryan's former Montecito mansion has sold for $18 million—just four months after the new owners listed it for $19.9 million. The 64-year-old "When Harry Met Sally" star purchased the picturesque Picacho Lane abode for $9.5 million in August 2021, then spent several years carrying out a meticulous renovation, adding another 3,000 square feet of space to the home, before relisting it for $22.5 million in February 2025.It took several months and a fair few price cuts for Ryan to find a buyer—with the actress ultimately settling for the much lower sale price of $16.8 million in a deal that closed in June 2025.Just two months later, that same buyer relaunched the Santa Barbara spread back onto the market for the much higher price of $21.9 million, but after struggling to secure an offer, it was removed in January of this year.Then, in June, the home hit the market again, showing off the work that Ryan carried out during her ownership. Now, the property has found a new buyer for $18 million, Realtor.com® can exclusively reveal.Loading...Actress Meg Ryan's former Montecito mansion has sold for $18 million—just four months after the new owners listed it for $19.9 million.Cindy O...